January 24, 2018
Comcast Cable Jan. 24 reported a loss of 38,000 video subscribers in the fourth quarter, ended Dec. 31, 2017.
The nation’s largest pay-TV operators lost 186,000 video subscribers last year as consumers increasingly move toward Web-based home entertainment distribution options. Comcast ended the year with 21.3 million video subs.
Meanwhile, Comcast added 350,000 high-speed Internet customers in the quarter, and more than 1.1 million for the year. It now is the largest ISP in the country with almost 26 million Internet subs.
“Our best-in-class products and continued focus on the customer experience drove healthy [pre-tax] growth balanced with strong customer relationship net additions,” Comcast Corp. CEO Brian Roberts said in a statement.